---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-25-000122"
form_type: "8-K"
ticker: "BNO"
cik: "0001472494"
company_name: "United States Brent Oil Fund, LP"
filed_at: "2025-03-26T23:59:59+00:00"
generated_at: "2026-05-24T04:53:02.101555+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# United States Brent Oil Fund reports 2024 net income of $10.6M, NAV per share $30.14

## Summary
- Net income of $10.6M in 2024 vs net loss of $4.1M in 2023; EPS $2.75 basic, $2.17 weighted avg.
- NAV per share $30.14 at Dec 31, 2024, up from $27.39; market price $29.95.
- Partners' capital fell to $114.5M from $130.1M due to net redemptions of 2.05M shares.
- Realized gain on futures $1.2M, unrealized gain $3.8M; dividend income $3.5M, interest $3.7M in 2024.
- Total expenses $1.7M in 2024 (management fees $1.1M); net income per share improved YoY.

## SEC filing metadata
- accession: 0001171200-25-000122
- form_type: 8-K
- ticker: BNO
- cik: 0001472494
- company_name: United States Brent Oil Fund, LP
- filed_at: 2025-03-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472494/000117120025000122/0001171200-25-000122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472494/000117120025000122/i25115_bno-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-25-000122
- JSON: https://secwatch.observer/filing/0001171200-25-000122.json
- Plain text: https://secwatch.observer/filing/0001171200-25-000122.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.